---
title: Is there a HUD insurance and minimum reserves requirement?
description: My condo association is citing an increase in condo fees to meet Department of Housing and Urban Development insurance and capital reserve funding requirement.
image: http://www.condoassociation.com/hubfs/hud%20requirements.jpg
---

[Skip to content](https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement#main-content)

# Is there a HUD insurance and minimum reserves requirement?

| [Budgets & Finance](https://www.condoassociation.com/blog/topic/budgets-finance) |  

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

## What do you think? Question:

My condo association board is citing a 3% across-the-board increase in condo fees for my building was necessary to meet new United States Department of Housing and Urban Development (HUD) insurance and minimum capital reserve funding requirements. I have not been able to find much additional detail on this law. Can anyone shed some light on this or confirm the rationale?

<https://www.facebook.com/sharer/sharer.php?u=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://twitter.com/intent/tweet?url=&text=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://pinterest.com/pin/create/button/?url=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

<https://www.linkedin.com/shareArticle?mini=true&url=https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement>

## What do you think? Answers (9)

#### What are your thoughts on this topic?

***Comments and postings are not legal advice**, but are the opinions of our readers. This forum and its contents are being monitored. Please be respectful of each other. *  
  

## Related Posts

### [Condo association wants 3% fee increase due to new reserve laws](https://www.condoassociation.com/blog/tabid/19257/bid/31383/Condo-association-wants-3-fee-increase-due-to-new-reserve-laws.aspx)

### [Can condo association charge owners a fee if they rent unit?](https://www.condoassociation.com/blog/tabid/19257/bid/103483/Can-condo-association-charge-owners-a-fee-if-they-rent-unit.aspx)

### [Can condo association charge a rental service fee to owners?](https://www.condoassociation.com/blog/tabid/19257/bid/99135/Can-condo-association-charge-a-rental-service-fee-to-owners.aspx)

```json
{
  "@context" : "https://schema.org",
  "@type" : "BlogPosting",
  "dateModified" : "2024-10-01",
  "datePublished" : "2024-10-01",
  "headline" : "Is there a HUD insurance and minimum reserves requirement?",
  "image" : [ "http://www.condoassociation.com/hubfs/hud%20requirements.jpg" ],
  "mainEntityOfPage" : {
    "@id" : "https://www.condoassociation.com/blog/is-there-a-hud-insurance-and-minimum-reserves-requirement",
    "@type" : "WebPage"
  }
}
```